The difference between traders that must be studied is not who trades in stocks and who trades in crypto.

But, please see below👇

Disciplined Trader:

  • Tradibg based on systems/plans - Carrying out and implementing good MM

  • Enter and Exit according to the rules - Trading with a focus on journal results

  • Trading based on setup momentum (not forcing)

Emotional Trader:

  • Trading based on emotions of fear and greed - The more emotional the more aggressive

  • Exit because of panic, enter because of fomo or just go along with it - Maintain your position to prove you are right (don't enter SL or don't put SL) or don't want to CL

  • Feeling too special (like most crypto, most stocks, most TA specific)

Managing and understanding the psychology of trading is very important. Because, if you can't manage your emotions when trading and can't understand your own character, then you won't be able to trade well. Studying trading psychology is really boring.

Studying trading psychology is not for the purpose of eliminating fear, greed, annoyance, anger and so on. But to be able to control your emotions of fear and greed, you become normal.

Because TA alone is not enough. In my opinion, the portion is the same, 50% TA and 50% trading psychology. In studying trading psychology, you will understand the meaning of SOP and the rules you have to apply in TA. Most of us "trade to make money" but don't want to learn and go through the process. This happened to me before. When I lose what I do is not self-evaluation, not journal evaluation, not even studying harder.

But what I'm looking for is a channel that is "said" to be great. So I'm trapped in a vicious circle. I realized when I read the books again, what was actually written was "there are no 100% great traders" everyone has their own journey and their own style. From there I realized "that the one who can help is yourself" one of which is changing your mindset and habits.